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  • Pte-pv Pass-through Entity Penalty Payment Voucher

Get Pte-pv Pass-through Entity Penalty Payment Voucher

State of New Mexico Taxation and Revenue Department PTEPV PassThrough Entity Penalty Payment Voucher Taxpayers may submit payment with the voucher below or pay the passthrough entity penalty for late.

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How to fill out the PTE-PV Pass-Through Entity Penalty Payment Voucher online

Filling out the PTE-PV Pass-Through Entity Penalty Payment Voucher can be straightforward with the right guidance. This guide will provide clear step-by-step instructions on how to properly complete this form online, ensuring that you meet all required standards.

Follow the steps to accurately complete the form online.

  1. Click the ‘Get Form’ button to access the PTE-PV Pass-Through Entity Penalty Payment Voucher and open it in your preferred editor.
  2. Fill in the 'Tax year beginning' and 'ending' fields with the relevant dates for your pass-through entity.
  3. Enter the name of the pass-through entity in the 'PASS-THROUGH ENTITY NAME' field.
  4. Provide the Federal Employer Identification Number (FEIN) in the designated box.
  5. Input the mailing address associated with the pass-through entity, including the 'NEW MEXICO CRS IDENTIFICATION NUMBER,' city, state, and ZIP code.
  6. Indicate the total 'AMOUNT ENCLOSED' by filling in the appropriate amount in the provided box.
  7. If there has been a change in address, check the box provided to indicate this.
  8. After completing the form, ensure all information is accurate before proceeding to print.
  9. Print the completed voucher using high-quality paper and ensure that the printer's page scaling is set to 'None' to avoid resizing.
  10. Cut the voucher along the dotted line to detach it and keep the original form intact.
  11. Include your payment along with the completed voucher and mail it to the New Mexico Taxation and Revenue Department at the specified address.

Complete your PTE-PV Pass-Through Entity Penalty Payment Voucher online today for swift processing.

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The State of New Mexico requires pass-through entities (which may be a state law partnership or a limited liability company taxed as a partnership) to withhold tax at 5.9% on earnings of non-resident partners or members if the owner's distributive share of net income is over $100 in a year.

The tax rate of the entity level tax is equal to the higher of the maximum individual income tax rate imposed pursuant to section 7-2-7 NMSA 1978 or the maximum corporate income tax rate imposed pursuant to section 7-2A-5 NMSA 1978 for the taxable year, both currently 5.9%.

The state imposes a governmental gross receipts tax of 5.00% on the receipts of New Mexico state and local governments. The exceptions are the gross receipts of public school districts and entities licensed by the Department of Health that are principally engaged in providing health care.

Overview of New Mexico Taxes New Mexico has some of the lowest property tax rates in the U.S. The state's average effective property tax rate is 0.73%. The median annual property tax paid by homeowners in New Mexico is $1,557, about $1,200 less than the national median.

Under legislation passed by the 2022 New Mexico Legislature and signed into law by Gov. Michelle Lujan Grisham, pass-through entities such as partnerships, S-Corporations and Limited Liability Companies now have the option of filing directly if they elect to do so.

The taxable net income of the PTE is taxed at the higher of the personal or corporate income tax rate. The highest rate for both personal and corporate income taxes is currently 5.9%.

New Mexico taxpayers could be taking home an additional $500 or $1,000 this year, pending a flick of Gov. Michelle Lujan Grisham's pen.

By default, New Mexico LLCs are taxed as pass-through entities. This means that the LLC doesn't pay taxes; instead, the profits from the LLC pass-through to the taxes of the LLC members.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232